Barclays Lowers Energizer (NYSE:ENR) Price Target to $31.00

Energizer (NYSE:ENR) had its target price decreased by equities research analysts at Barclays from $32.00 to $31.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 4.66% from the stock’s current price.

Several other equities research analysts have also recently issued reports on ENR. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Truist Financial lowered their price objective on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday. Canaccord Genuity Group cut their target price on Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday. UBS Group upped their price target on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Energizer currently has a consensus rating of “Hold” and an average price target of $32.57.

Energizer Stock Up 1.1 %

ENR stock traded up $0.33 during midday trading on Thursday, hitting $29.62. The company’s stock had a trading volume of 73,450 shares, compared to its average volume of 497,848. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. The firm has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $30.51. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The firm has a market capitalization of $2.13 billion, a P/E ratio of 22.98 and a beta of 1.04.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. Energizer’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. As a group, equities analysts forecast that Energizer will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in shares of Energizer in the third quarter valued at approximately $32,000. Signaturefd LLC increased its stake in Energizer by 35.3% in the 3rd quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after buying an additional 361 shares during the period. Central Pacific Bank Trust Division purchased a new position in Energizer during the 1st quarter worth $64,000. Quadrant Capital Group LLC lifted its stake in shares of Energizer by 35.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after acquiring an additional 987 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after acquiring an additional 919 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.